The daily chart for Tencent (Hong Kong) reminds that the 2018 correction was less than a year in duration although it followed from a 14 year long bull cycle. The retrace of the correction is hovering at the typical 62% Fib completion mark with a 3-3-3 pattern. Should it transpire that a C-leg similar to the A-leg evolves, then the resulting corrective Cycle wave II would measure up as a 62% retrace of the 14 year long bull Cycle (wave I).
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